Tag Archives: tax trigger

North Dakota Democrats Thought "Doomsday" Oil Tax Reform Was A Good Idea In 2011

North Dakota Democrats Thought "Doomsday" Oil Tax Reform Was A Good Idea In 2011

Democrats emptied their rhetorical silos today on a proposal from Republicans to eliminate a looming oil tax trigger replacing it with a lower overall tax rate. They didn’t skimp on the hyperbole either, using words like “doomsday” and “nightmare.” But what if I told you that a 2011 bill sponsored entirely by Democrats, including House Minority

North Dakota Lawmakers Proposing Fixing The State's Ridiculous Oil Tax Trigger

North Dakota’s existing oil tax code is a disgrace to public policy. Among other confusing exemptions it includes two triggers based on oil prices which kick in lower tax rates. In fact, thanks to plunging oil prices, the clock is currently ticking on the “big trigger” which will reduce state revenues by billions of oil

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